Ethereum maintained a slow bullish rise on Monday, and the market bulls are optimistic. Ethereum is currently trading at US$4,210. The total computing power of the Ethereum network is 723.74TH/s, the difficulty of the whole network is 9.77P, the current holding address is 66,004,395, an increase of 144,772 compared to the same period last year, and the 24h chain transaction volume is 1,191,778ETH. The number of profitable Ethereum addresses reached a record high of 64,233,267.881.
From a technical perspective, the Ethereum daily candle showed a unilateral rise. The BOLL opened upwards, and the moving average show bullish divergence. The MACD volume energy column continued to strengthen. H4 graph shows formation W upward structure. Ethereum continues to run near the upper BOLL band, shows signs of narrowing. Overall, prioritise operation within the fluctuation zone, the chart below is showing the key point and the estimated trend the deciding point whether to buy or sell is near 4170.
Resistance level: 4270-4370-4500
Support level: 4170-4100-4000
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